Bulgaria Weighs Energy Security as Lukoil Refinery Sale Moves Forward
The Russian company Lukoil initiated the process of selling its Bulgarian assets in June last year, Prime Minister Rosen Zhelyazkov announced during a parliamentary hearing
Advance Media Group, a subsidiary of the investment group Advance Properties, jointly owned by Kiril Domuschiev and Georgi Domuschiev, is in talks with United Group, the leading provider of telecommunications services and media in Southeast Europe, on the possible sale of the largest multi-platform media house in Bulgaria – Nova Broadcasting Group.
A potential deal is dependent on the successful completion of negotiations between the parties, as well as on the conclusion of a binding Sales and Purchase Agreement between them and on obtaining all necessary approvals from the relevant regulatory authorities in Bulgaria and abroad.
About United Group:
Headquartered in Amsterdam, United Group is the leading telecommunications and media operator in Southeast Europe. Through significant investments in digital infrastructure, content and technology, it provides leading services to customers across the region. In the two decades since it was founded United Group has acquired and successfully integrated more than 100 companies into its structure. It has the widest network coverage in the region and offers users the most attractive selection of TV content from around the world. United Group has been owned by BC Partners, one of the largest global investment companies, since March 2019 and operates in eight countries. For more information, visit https://united.group/
Recent analysis by the financial portal "Moite pari" indicates that interest rates on bank deposits are starting to climb, particularly noticeable among smaller banks over the past year
A new sea route between Burgas and Istanbul will begin operating on June 24, 2025
Bulgarian authorities have stepped up inspections across the country to combat unjustified price hikes amid concerns that some retailers might exploit the upcoming euro adoption to speculate
In 2024, the quality of bathing waters across the European Union remained high
A large part of the Bulgarian business sector is well-prepared for the euro changeover
Since the start of 2024, Bulgaria has issued 24,000 work permits to foreign nationals, marking a significant increase compared to previous years
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe